Social Investing in India 2022


If you are looking for the best social trading platforms in India, you have come to the right place. In this article on AtoZ Markets, we will discuss some of the most popular social trading platforms in India and why you should consider using them. We will also provide a brief overview of each platform so that you can decide which one is right for you. So without further ado, let's get started.

How to Choose Social Trading Platforms in India?

When it comes to social trading platforms in India, there are a few things that you need to take into account before making your choice. The first thing you need to consider is your level of experience. If you are new to trading, then we recommend choosing a platform that offers a demo account so that you can try out the platform before committing to it. And if you are an experienced trader, then you should look for a platform that offers features and services that are tailored specifically for Indian investors.

Regulations: Most important thing to consider is Regulations. In India, Social Trading Platforms are regulated by Securities and Exchange Board of India (SEBI). So before choosing a social trading platform make sure that the platform is SEBI registered. 

Trading Platforms: Another thing to consider is trading platforms fees. Social trading platforms usually charge a commission on each trade that you make. So it is important to compare the fees charged by different platforms before choosing one.

Payment Method: You should also consider the payment methods offered by the platform. Some platforms only accept bank transfer while others also accept credit/debit cards and e-wallets. Choose a platform that offers a payment method that is convenient for you.

Fees and Commissions: Another important thing to consider is the fees charged by the platform. Some platforms charge commission on trades, while others charge a monthly subscription fee. So make sure to compare the fees charged by different platforms before making your decision.

Customer Support: Finally, you should also consider the customer support offered by the platform. This is important because you want to be able to get in touch with someone if you have any problems or questions.

So those are a few things to keep in mind when choosing social trading platforms in India. If you are new to trading, then we recommend choosing a platform that offers a demo account so that you can try it out before committing to it. And if you are an experienced trader, then you should look for a platform that offers features and services that are tailored specifically for Indian investors.

Best Social Trading Platforms in India

Finding the right and reliable social trading platforms is not an easy task. Don't worry! We have tailored made top 5 social trading platforms in India.  

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Let's discuss all the 5 social platforms in detail:

AvaSocial

AvaSocial

image credit: AvaSocial

AvaSocial is a social trading platform that allows users to copy the trades of other successful traders. It is operated by AvaTrade, which is one of the leading forex brokers in the world. The minimum deposit required to open an account with AvaTrade is $100.

AvaTrade is licensed and regulated by CySEC, ASIC, PFSA, FSC, JFSA, FRSA and ISA. 

AvaSocial offers a wide range of features and services that are designed to help traders be successful. For example, it offers a demo account so that new users can try out the platform before committing to it. And for experienced traders, there are features and services that are specifically tailored for Indian investors. 

Read also: Best Forex Brokers in India 2022

Benefits of AvaSocial of AvaTrade 

- AvaSocial allows you to connect with successful traders and qualified mentors from around the world, so you can learn from them and copy their trades.

- With AvaSocial, you have your own transparent network of like-minded traders that you can chat with and receive direct access to market opportunities.

- AvaSocial provides real-time trading signals so you can stay one step ahead of the herd.

- You can share your best trades with your friends and followers on social media, and earn awards for the trades you do everyday.

- AvaSocial is fully regulated by Pelican Trading, so you can sell your own trading signals and charge others for group access.

How to get started with AvaSocial on AvaTrade?

- Download AvaSocial App and create social account.

- Use MT4 login details to login in AvaSocial app

- Fund your account

- Choose your desired financial instrument and start copying other traders!

So if you're looking for a social trading platform in India, then AvaSocial is definitely worth considering. 

FXTM

FXTM is a global forex broker that offers a social trading platform called FXTM Trader or Strategy Manager. It allows users to copy the trades of other successful traders. The minimum deposit required to open an account with FXTM is $200. 

FXTM is regulated by FCA, CySEC, FSCA and FSC.

FXTM's social trading platform, FXTM Trader, is a great option for Indian traders. Strategy Manager is usually a skilled trader who is willing to share his or her strategy with other investors for a percentage of the profits. You can choose the one that best suits your needs based on how much money you are willing to invest, and then copy their strategies.  Your account will automatically mirror their trades.

Benefits of Strategy Manager of FXTM

- Win up to 70% of the monthly profits.

- Get your share of the profits without doing any trading yourself.

- Receive a detailed performance report at the end of each month.

- Monitor your Strategy Manager’s progress and make changes at any time.

How to get started with Strategy Manager on FXTM?

- Open an account with FXTM.

- Pass the verification process.

- Make a deposit.

- Start copying a Strategy Manager.

So if you're looking for a social trading platform in India, then FXTM Trader or Strategy Manager is definitely worth considering. 

If you also have interest in CFD trading, read our Best CFD Brokers in India 2022 article.

Do you want to try CFD trading before jumping into Social Trading? We recommend the following 3 CFD Brokers.

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Pepperstone

Pepperstone is an Australian forex broker that offers multiple social trading platforms. They are myfxbook, MetaTrader Trading Signals and DupliTrade. All the platforms allows user to copy the trades of other successful traders. The minimum deposit required to open an account with Pepperstone is $200. 

Pepperstone is licensed and regulated by FCA, ASIC, DFSA, CySEC, SCB, BaFin and CMA.

AutoTrade Powered by myfxbook

AutoTrade Powered by myfxbook

image credit: myfxbook

Myfxbook's AutoTrade is the perfect solution for busy forex traders looking to improve their trading skills without having to run any software. 

By mirroring the trades of top successful forex trading systems, AutoTrade gives you the ability to learn from the best and improve your own performance. With accurate statistics and control over which systems you copy, Myfxbook's AutoTrade is the perfect tool for any forex trader looking to improve their skills. 

MetaTrader Signals on Pepperstone

MetaTrader Signals

MetaTrader Signals helps you to: 

-Diversify your trading with multiple strategies 

-Reduce your portfolio risk by using different signal providers with different approaches 

-Remove the need to constantly monitor charts 

-Keep costs down: fees are low (and sometimes free) for MT4 signals  

-Save time with no paperwork required 

-Gain full control of your account: close trades, change capital allocation to a strategy, change the stop-loss inserted, or remove the strategy at any time.

DulpiTrade on Pepperstone

DupliTrade

image credit: DupliTrade

- DupliTrade is a renowned trading platform that allows you to automatize your trading.

- Duplitrade makes use of signals from traders who are proprietary, tapping into their expertise that allows you to build your trading skills and develop a solid knowledge of professional strategies.

- It's easy to join with the minimum investment of AUD$5,000 in Pepperstone and you'll have access to DupliTrade's extensive portfolio of top strategy providers which will automatically trade on your personal account with MT4.

- If you're still learning to understand the market You can also practice strategies with an account on demo.

So if you're looking for a social trading platform in India, then Pepperstone is definitely worth considering. 

Tickmill's AutoTrade Powered by myfxbook

AutoTrade Powered by myfxbook

image credit: myfxbook

Tickmill offers social trading platform called AutoTrade powered by myfxbook that allows users to copy the trades of other successful traders. It is one of the most popular social trading platforms in the world.

Tickmill is licensed and regulated by FCA, CySEC, FSCA, FSA, and LFSA.

Myfxbook's AutoTrade is the perfect solution for busy forex traders looking to improve their trading skills without having to run any software. 

By mirroring the trades of top successful forex trading systems, AutoTrade gives you the ability to learn from the best and improve your own performance. With accurate statistics and control over which systems you copy, Myfxbook's AutoTrade is the perfect tool for any forex trader looking to improve their skills. 

So if you're looking for a social trading platform in India, then Tickmill is definitely worth considering.

If Cryptocurrencies is your comfort zone, read our Best Crypto Exchanges in India 2022

Vantage

Vantage provides social trading facility with ZuluTrade, myfxbook and DupliTrade to its users to copy the trades of other successful traders.  

Vantage is licensed and regulated by FCA, ASIC, CIMA and VFSC.

ZuluTrade on Vantage

ZuluTrade review

image credit: ZuluTrade

ZuluTrade is a social trading platform that allows users to copy the trades of other successful traders. It is one of the most popular social trading platforms in the world, with over 800,000 users. The minimum deposit required to open an account with ZuluTrade is $50. 

ZuluTrade offers a wide range of features and services that are designed to help traders be successful. For example, it offers a demo account so that new users can try out the platform before committing to it. And for experienced traders, there are features and services that are specifically tailored for Indian investors. 

AutoTrade Powered by myfxbook of Vantage

AutoTrade Powered by myfxbook

image credit: myfxbook

Myfxbook's AutoTrade is the perfect solution for busy forex traders looking to improve their trading skills without having to run any software. 

By mirroring the trades of top successful forex trading systems, AutoTrade gives you the ability to learn from the best and improve your own performance. With accurate statistics and control over which systems you copy, Myfxbook's AutoTrade is the perfect tool for any forex trader looking to improve their skills. 

DupliTrade of Vantage

- DupliTrade is one of the renowned platforms for trading strategies that lets you to automatize your trading.

- Duplitrade makes use of signals from traders who are proprietary, tapping into their expertise that allows you to build your trading skills and develop a solid understanding of the most effective methods.

- It's easy to join and with an initial deposit of $5,000 to Vantage and you'll have access to the extensive portfolio of DupliTrade of the top strategy providers that are automatically traded through your account on MT4.

- If you're still learning to understand the market You can also practice strategies using an account on demo.

So if you're looking for a social trading platform in India, then Vantage is definitely worth considering.

So those are the popular social trading platforms in India. As you can see, each platform has its own strengths and weaknesses. So it's important that you choose a platform that best suits your needs and goals.

Conclusion

If you are new to social trading, we recommend that you start with a demo account first so that you can get a feel for how it works. And if you are an experienced trader, then you should look for a platform that offers features and services that are tailored specifically for Indian investors. Do you have any experience with social trading platforms? Let us know in the comments below.

Top Social Trading Platforms in India 2022

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